The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I see some folks were using yesterdays drop to take some big stakes. Bodes well for the future. Some more substanciation of a T/O bid would really set this cooking.
well despite the big rises this week. Defying gravity for now....
at 91p. Maybe it will breakthrough this time?
The article does say that the figures are flat due to a fall in supermarket sales (which means that none supermarket sales are still rising). I think a lot of the supermarket promotions (like 'spend £60 get £10 off' vouchers) have finished. There is a limit to how much bog roll one can hoard!
So 'very greedy' it is then.....
Definitely a change of sentiment happening here. Have held this for a long time and done several top up /average down buys, so hold more than I would like to, but finally in the black. The question now is what would be a good exit price? Something high 40's, low 50's or should I be more greedy?
Think its just tailing off with day traders taking out their hard earned profits. If there isn't a t/o rumour for EMG, its always worth starting one! LoL
You have a valid point. EMG is prone to tumbling due to stop losses and profit taking turning a small retrenchment into a rout, but the 3 month chart shows upswings having a similar gradient to downswings. To me this indicates that its at a low point overall and there is a floor under the SP. At the mo, I'm only slightly ahead £2k on a £22k holding mainly because I thought the floor was higher then it was and wasn't great on my buy timing. But hey, were at 25% of a 10% swing today! (but it never lasts into the afternoon once the yanks start trading, and the day traders cut and run)
off 90p again. It'll take 2 or 3 more headbutts to break through. I don't subscribe to price manipulation conspiracy theories - look at the trades - folks are happily buying and selling at this price, just needs a change of sentiment and off she'll go. A 10% swing (either way) is nothing for EMG!
Agree with what you have said. Actually, as PIs, timing is more or less all we have control over. I am badly down on FCCN, but expect to get my money back, plus some. At the moment for me the agenda is about averaging down. I am fairly happy to increase my exposure, as some other bets have been paying off. I was also early out out of TCG, but a profits a profit.
Well, when I say 'Strategy', its more of a lifestyle choice really. (permanently skint, that is, LoL)
hardly grounds for a sustained recovery then.... but never mind - my 'never sell at a loss' stategy means I will be an FCCN holder until I die probably!
Don't think a take over is likely due toi the big holding with Marks, unless he wanted to take it private. SP rise could just be a change in sentiment as folks look to load up on 'recovery' stocks.
got any idea whats going on here? Why is the SP 30% up in a couple of days?
Continuing today - no idea why.
No.
It's cerainlly rocking up at the moment, probably in anticipation of the half year results due on the 19th. I got in way to early and won't see my money back for years (Falling Knife stuck in foot - I am going nowhere!). My hope is that they rebrand some of the shops as Toast or YMC and get trendy again, but with Marks owning 40 million shares, I'm not sure he would want to reduce the French Connection brand as its his baby. If they could pulloff a transformation to a Superdry or Jack Wills type outfit, then we would make serious money. The resulkts are widely ex[pected to be bad (but maybe not so bad to justify the capitulation price we are at) but you should consider selling before the results just in case.
It is ludicrously cheap, but 'retail' is so out of favour I doubt a takeover is on the cards. I'm hoping the review of their retail operations will throw up something good. One optiuon they should look at would be to switch over some of the stores the 'Toast' or 'YMC' brand, as French Connection has become a bit jaded and is seen as a bit pricy. The retailers that fly do so on the back of a buzz to do with being seen as exciting and fresh (like in the FCUK days). Currently, this is my worst investment :-(
of this massively oversold share?
I wonder whats going on here?